Cyprus GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Cyprus contracted 5.10 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus. GDP Annual Growth Rate in Cyprus averaged 1.62 Percent from 2001 until 2013, reaching an all time high of 5.50 Percent in the fourth quarter of 2007 and a record low of -6.10 Percent in the second quarter of 2013. In Cyprus, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.10 -5.20 5.50 -6.10 -5.79 | 2014/03 2001 - 2013 Percent Quarterly

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Cyprus GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-06 10:00 AM Cyprus
GDP Growth Rate YoY - Final
Q2 2013 -5.7% -4.9% (R) -5.4% -5.4%
2013-11-14 10:00 AM Cyprus
GDP Growth Rate YoY
Q3 2013 -5.5% -5.7% -6.67%
2014-02-14 10:00 AM Cyprus
GDP Growth Rate YoY Flash
Q4 2013 -5.3% -5.2% -6.86%
2014-03-11 10:00 AM Cyprus
GDP Growth Rate YoY Final
Q4 2013 -5.1% -5.2% -5.3% -5.3%
2014-05-15 10:00 AM Cyprus
GDP Growth Rate YoY Flash
Q1 2014 -5.1% -5.79%
2014-06-06 10:00 AM Cyprus
GDP Growth Rate YoY Final
Q1 2014 -5.1%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 22.98 2012-12-31 24.69 25.32 0.49 22.17 2013-12-31 USD Billion [+]
GDP Annual Growth Rate -5.10 2013-12-31 -5.20 5.50 -6.10 -5.79 2014-03-31 Percent [+]
GDP per capita 15378.20 2011-12-31 15328.30 24312.90 5986.52 14829.72 2012-12-31 USD [+]
GDP per capita PPP 23475.44 2012-12-31 24686.07 26456.34 11257.08 22582.29 2013-12-31 USD [+]
GDP Growth Rate -0.80 2013-12-31 -0.90 2.00 -1.80 -0.62 2014-03-31 Percent [+]
GDP Constant Prices 3450.20 2013-11-15 3476.30 3815.80 2349.60 3388.65 2014-03-31 EUR Million [+]
Gross Fixed Capital Formation 385.50 2013-11-15 439.90 27662.00 -71492.00 11354.51 2014-03-31 EUR Million [+]
Gross National Product 16503.70 2013-06-30 17720.20 18054.50 6924.70 16433.15 2013-12-31 EUR Million [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Cyprus Tourist Arrivals at 45227.00  
Tourist Arrivals in Cyprus increased to 45227 in February of 2014 from 40675 in January of 2014. Tourist Arrivals in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Unemployed Persons at 71651.00 Thousand  
The number of unemployed persons in Cyprus decreased to 71651 Thousand in the fourth quarter of 2013 from 72660 Thousand in the third quarter of 2013. Unemployed Persons in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Yearly Wage Growth Rate at 2.60 Percent  
Wages in Cyprus increased to 2.60 percent in 2011 from 2.40 percent in 2010. Wages in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Youth Unemployment Rate at 40.50 Percent  
Youth Unemployment Rate in Cyprus decreased to 40.50 percent in December of 2013 from 40.80 percent in November of 2013. Youth Unemployment Rate in Cyprus is reported by the Eurostat.
Cyprus Balance of Trade at -213393.00 EUR Thousand  
Cyprus recorded a trade deficit of 213393 EUR Thousand in February of 2014. Balance of Trade in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Current Account at 184.60 EUR Million  
Cyprus recorded a Current Account surplus of 184.60 EUR Million in the third quarter of 2013. Current Account in Cyprus is reported by the Central Bank of Cyprus.
Cyprus Exports at 106861.00 EUR Thousand  
Exports in Cyprus decreased to 106861 EUR Thousand in February of 2014 from 110791 EUR Thousand in January of 2014. Exports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Imports at 320254.00 EUR Thousand  
Imports in Cyprus decreased to 320254 EUR Thousand in February of 2014 from 381738 EUR Thousand in January of 2014. Imports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Industrial Production at -6.62 Percent  
Industrial Production in Cyprus decreased 6.62 percent in January of 2014 over the same month in the previous year. Industrial Production in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Inflation Rate at -2.29 Percent  
The inflation rate in Cyprus was recorded at -2.29 percent in March of 2014. Inflation Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
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